If on ramps to buy bitcoin are tightened, I can see a scenario where the rate of adoption slows, but the price of bitcoin goes up as the people who know what bitcoin represents urgently stack more and are less willing to part with their bitcoin.
#bitcoin
Shitcoiners being pressured off of their shitcoin positions should also, in theory, add some liquidity into BTC
That will expedite the adoption of circular economy and cut out fiat entirely. They have no idea whatโs coming
I havenโt โsoldโ in about a decade nowโฆ.zapped the shit out folks and purchased goods in Central America.
I do think a solid on/off ramp would be nice for a time when I maybe need to assuming a BTC standard doesnโt happen in my lifetime.
It'll create an exclusive circular economy. Miners will need to sell P2P. Which shld increase demand.
In this case I think the price would go down or stay level until the halving.
@saifedean made a point the other day that I hadn't thought of (in reference to Balaji's bet):
> There are ~900 bitcoins produced every day in this 4-year bitcoin epoch. At current price, this means ~$25m of new demand is needed to keep the price where it is. At $1m/btc, you would need ~$900m/day of new demand to keep the price up, and it would be needed consistently, not just for one day. While this is not impossible, it is highly unlikely. Even in the wildest bitcoin manias, we've seen nothing like this extent of increase in new demand happening in such a short period of time. Only way I can see this happening is through very fast dollar hyperinflation, which I can't see happening in the next 3 months because of reasons 1-4.
What if the central bank/govt influenced entities stacked harder for the purpose of creating more dumps?
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